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Non-Tech : Conseco Insurance (CNO) -- Ignore unavailable to you. Want to Upgrade?


To: dfloydr who wrote (754)6/29/1998 7:36:00 AM
From: John Carragher  Read Replies (1) | Respond to of 4155
 
Conseco's Acquisition Is Cleared

----

CARMEL, Ind.- Conseco Inc. received the regulatory
approvals needed to finalize its acquisition of Green Tree
Financial Corp., a St. Paul, Minn., financial-services
company. Conseco said it expects to close the transaction
tomorrow, when shareholders of both companies will hold
separate meetings to vote on the plan.

As reported April 7, Conseco agreed to acquire Green
Tree in a stock swap valued then at $7.6 billion. Under the
agreement, Conseco, a financial-services company, plans
to exchange 0.9165 shares for each Green Tree share.